EUROPE BUILDING INSULATION MARKET 2021-2028

EUROPE BUILDING INSULATION MARKET 2021-2028

MARKET OUTLOOK

Triton’s research on the European building insulation market is projected to thrive at a compound annual growth rate of 2.99% based on revenue and 2.52% based on volume during the projected period 2021-2028. Germany, Italy, Spain, France, Russia, the United Kingdom, and Rest of Europe shape the region’s market.

In France, several schemes promoting home-ownership have been launched under the construction revival plan. Moreover, strong incentives are offered within the country to encourage new housing acquisition. Furthermore, zero interest eco-loan, the energy transition tax reduction, and the living better program encourage household renovations. Presently, the government offers public consultations to implement these new initiatives and put into action plants to foster energy efficiency renovation in the construction segments. Such developments are likely to amplify the demand for the building insulation market, thereby driving the building insulation market on a projected growth path.

Furthermore, similar to France, Spain is estimated to witness growth in the construction sector over the forecast period, owing to the development of residential buildings. Moreover, the recent launch of the highway investment plan is another factor supporting the expansion of the construction sector. These factors indicate the rapid development of residential housing construction across the country. Hence, the growing construction industry increases the demand for building insulation materials, which drives the expansion of the building insulation market within Spain.

COMPETITIVE OUTLOOK



Major companies in the building insulation market consist of Johns Manville Corporation (Berkshire Hathaway), Dow Chemical Company, GAF Materials Corporation, Paroc Group, BASF, and Rockwool International A/S.